Andreas Evert
CFO
Replay available
Svenska Cellulosa Aktiebolaget SCA (publ) (SCA_A) Q2 2023 Earnings Call
Svenska Cellulosa Aktiebolaget SCA (publ) (STO: SCA_A) Q2 2023 earnings conference call, held 2023-07-21. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Ulf Larsson
CEO
Oscar Lindstrom
Analyst, Danske Bank
Johannes Grunzelius
Analyst, DNB
Robin Santaviria
Analyst, Carnegie
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Svenska Cellulosa Ab Sca Class A.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.180 Good morning and welcome to this presentation of the SEA half-year results for 00:00:05.180 -- 00:00:07.180 2023. 00:00:07.604 -- 00:00:13.695 With me here today, I have CEO Ulf Larsson and CFO Andreas Evert. 00:00:13.695 -- 00:00:15.939 With that, Ulf, I hand over to you. 00:00:15.939 -- 00:00:20.948 Thank you, Anders. And also from my side, a good morning and a warm welcome to the presentation 00:00:20.948 -- 00:00:24.231 of the result for the second quarter. 00:00:26.288 -- 00:00:31.334 When I summarize the second quarter, I can state that we have delivered a stable result, 00:00:31.334 -- 00:00:36.419 not least driven by a profitable growth in renewable energy, stable 00:00:36.419 -- 00:00:41.543 performance in forest, but also resilience against cost inflation. 00:00:42.085 -- 00:00:45.950 The latter is, of course, partly due to a relatively high degree of self-sufficiency 00:00:45.950 -- 00:00:51.175 in our wood, raw material supply and also in the energy supply, logistics 00:00:51.175 -- 00:00:53.457 and so on. 00:00:53.457 -- 00:00:58.664 However, we see a continued weak demand for solid wood products, pulp and 00:00:58.664 -- 00:01:00.887 container board. 00:01:00.887 -- 00:01:05.814 Prices for solid wood products increased as expected during the second quarter in comparison 00:01:05.814 -- 00:01:10.321 with the first, but will come down again in the third quarter. 00:01:10.321 -- 00:01:15.167 Prices for container board have now stabilized, while prices for pulp are still decreasing 00:01:15.167 -- 00:01:19.010 in both Europe and US. 00:01:20.423 -- 00:01:26.850 EBITDA decreased in comparison with the second quarter last year, but reached 1.7 00:01:26.850 -- 00:01:32.074 billion SEK and by that a healthy EBITDA margin of 3...